News coverage about Materion (NYSE:MTRN) has trended somewhat positive recently, according to Accern. The research group identifies negative and positive media coverage by reviewing more than 20 million news and blog sources in real-time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Materion earned a media sentiment score of 0.17 on Accern’s scale. Accern also gave media coverage about the basic materials company an impact score of 45.4576230490637 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.
These are some of the headlines that may have impacted Accern Sentiment’s analysis:
- Comparing Kirkland Lake Gold (KL) & Materion (MTRN) (americanbankingnews.com)
- Materion (MTRN) Upgraded by Zacks Investment Research to Buy (americanbankingnews.com)
- Materion Corp (MTRN) Receives Consensus Recommendation of “Buy” from Analysts (americanbankingnews.com)
- $304.15 Million in Sales Expected for Materion Corp (MTRN) This Quarter (americanbankingnews.com)
- Materion and EDRO Announce Exclusive Distribution Agreement for Materion’s MoldMAX® Plastics Tooling Alloys (finance.yahoo.com)
Shares of Materion stock opened at $53.30 on Thursday. The company has a market capitalization of $1,065.15, a P/E ratio of 95.18 and a beta of 1.01. Materion has a 12 month low of $31.05 and a 12 month high of $55.35. The company has a quick ratio of 1.50, a current ratio of 3.23 and a debt-to-equity ratio of 0.01.
Materion (NYSE:MTRN) last announced its earnings results on Thursday, February 15th. The basic materials company reported $0.51 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.38 by $0.13. The firm had revenue of $308.67 million during the quarter, compared to analysts’ expectations of $285.50 million. Materion had a return on equity of 6.95% and a net margin of 1.00%. The company’s revenue was up 31.7% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.28 earnings per share. research analysts expect that Materion will post 2.08 earnings per share for the current year.
The business also recently announced a quarterly dividend, which was paid on Wednesday, March 7th. Shareholders of record on Wednesday, February 21st were given a dividend of $0.10 per share. The ex-dividend date of this dividend was Tuesday, February 20th. This represents a $0.40 dividend on an annualized basis and a yield of 0.75%. Materion’s payout ratio is currently 71.43%.
Several equities research analysts recently commented on the company. TheStreet cut Materion from a “b” rating to a “c+” rating in a research note on Friday, February 16th. Zacks Investment Research raised Materion from a “hold” rating to a “buy” rating and set a $60.00 price target for the company in a research note on Wednesday, March 14th. ValuEngine raised Materion from a “hold” rating to a “buy” rating in a research note on Thursday, March 1st. Finally, Jefferies Group reissued a “hold” rating and issued a $46.00 price target on shares of Materion in a research note on Tuesday, January 9th. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $54.00.
In other Materion news, VP Joseph P. Kelley sold 2,419 shares of the company’s stock in a transaction that occurred on Friday, February 23rd. The stock was sold at an average price of $51.43, for a total transaction of $124,409.17. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Craig S. Shular sold 5,267 shares of the company’s stock in a transaction that occurred on Tuesday, January 16th. The stock was sold at an average price of $52.73, for a total value of $277,728.91. The disclosure for this sale can be found here. Insiders have sold 15,686 shares of company stock valued at $806,938 in the last ninety days. Company insiders own 2.90% of the company’s stock.
Materion Company Profile
Materion Corporation, through its subsidiaries, is an integrated producer of engineered materials used in a range of electrical, electronic, thermal, and structural applications. The Company operates in four segments: Performance Alloys and Composites, Advanced Materials, Precision Coatings, and Other.
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